$AMD still on top of things We are still above diagonal trendline. Although there was an overreaction after yesterday's earnings, AMD recovered fabulously. Also still holding above 100SMA. Company has the best female CEO ever.
Diagonaltrendline
$AMD - meeting resistance at the diagonal trendline again Sellers again overwhelmed the buyers on a diagonal down trendline. Earnings this week. Perhaps that can help to get over the trendline and claim uptrend.
GOOGL updateMake it or break it moment for GOOGL before earnings. Fall back to the diagonal trendline, although it's still increasing and also RSI is increasing, let's see if it holds. Tried to break through the resistance multiple times and still trading in a channel. Things are getting tight. Earnings next week.
My Strategy Works On All Markets and All Time FramesPrice closed above EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. A pin bar formed on the retest and the pin bar candlestick wick protruded through the support levels. The support levels are EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line.
In this example, there are three higher lows moving into a diagonal resistance level and a horizontal resistance level. Price broke through those two levels and retested those levels with a pin bar. After the break and close above the horizontal and diagonal level; those levels became support.
Entry is the closing price of the pin bar. Target price is the previous swing high.
